BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Contribution & Employer Match

How BENDIX COMMERCIAL VEHICLE SYSTEMS LLC Supports Your Retirement Savings

BENDIX COMMERCIAL VEHICLE SYSTEMS LLC provides retirement savings benefits through BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute from 1 percent to 25 percent of their salary.

2. Employer Match/Contribution Conditions: The employer matches 25 percent of the employee’s contribution on the first 8 percent of compensation, increasing to 50 percent after five years of matched participation. No contributions are made for amounts exceeding 8 percent of eligible compensation.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions and 100 percent vested in employer contributions after three years of credited service. Eligibility requires completing one hour of service (for full-time employees) and one year of service (for part-time employees).

4. Roth 401(k) contribution: The document does not specify information on Roth 401(k) contributions.